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GLOBAL PARTNERS LP（GLP）与新闻集团（NWSA）财务数据对比。点击上方公司名可切换其他公司
新闻集团的季度营收约是GLOBAL PARTNERS LP的1.1倍（$2.4B vs $2.2B），新闻集团净利率更高（8.2% vs 1.1%，领先7.0%），GLOBAL PARTNERS LP同比增速更快（7.0% vs 5.5%），新闻集团自由现金流更多（$132.0M vs $62.2M），过去两年GLOBAL PARTNERS LP的营收复合增速更高（0.2% vs -1.3%）
Global Partners LP是一家美国能源供应企业，2018年位列《财富》世界500强第361位，采用业主有限合伙制架构，核心业务为石油产品进口，深耕北美市场开展营销活动，批发的产品涵盖原油、柴油、汽油、取暖油及煤油等品类。
新闻集团是全球知名的媒体集团，旗下拥有报纸、出版、数字媒体等多项媒体业务，在全球传媒领域拥有广泛影响力，专注于为受众提供及时多元的时事资讯与内容服务。
GLP vs NWSA — 直观对比
营收规模更大
NWSA
是对方的1.1倍
$2.2B
营收增速更快
GLP
高出1.4%
5.5%
净利率更高
NWSA
高出7.0%
1.1%
自由现金流更多
NWSA
多$69.8M
$62.2M
两年增速更快
GLP
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.4B |
| 净利润 | $25.1M | $193.0M |
| 毛利率 | 11.9% | — |
| 营业利润率 | 2.6% | — |
| 净利率 | 1.1% | 8.2% |
| 营收同比 | 7.0% | 5.5% |
| 净利润同比 | 5.0% | -10.2% |
| 每股收益（稀释后） | — | $0.34 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收GLPNWSA
| Q4 25 | $2.2B | $2.4B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | $2.2B | $2.0B | ||
| Q4 24 | $2.1B | $2.2B | ||
| Q3 24 | $2.1B | $2.6B | ||
| Q2 24 | $2.3B | $2.6B | ||
| Q1 24 | $2.2B | $2.4B |
净利润GLPNWSA
| Q4 25 | $25.1M | $193.0M | ||
| Q3 25 | $29.0M | $112.0M | ||
| Q2 25 | $25.2M | $743.0M | ||
| Q1 25 | $18.7M | $103.0M | ||
| Q4 24 | $23.9M | $215.0M | ||
| Q3 24 | $45.9M | $119.0M | ||
| Q2 24 | $46.1M | $50.0M | ||
| Q1 24 | $-5.6M | $30.0M |
毛利率GLPNWSA
| Q4 25 | 11.9% | — | ||
| Q3 25 | 12.1% | — | ||
| Q2 25 | 13.1% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | 13.4% | — | ||
| Q2 24 | 12.6% | — | ||
| Q1 24 | 9.8% | — |
营业利润率GLPNWSA
| Q4 25 | 2.6% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 2.9% | 8.5% | ||
| Q1 25 | 2.6% | 7.5% | ||
| Q4 24 | 2.8% | 19.2% | ||
| Q3 24 | 3.9% | 7.9% | ||
| Q2 24 | 3.7% | 4.3% | ||
| Q1 24 | 1.2% | 2.6% |
净利率GLPNWSA
| Q4 25 | 1.1% | 8.2% | ||
| Q3 25 | 1.3% | 5.2% | ||
| Q2 25 | 1.2% | 45.6% | ||
| Q1 25 | 0.9% | 5.1% | ||
| Q4 24 | 1.2% | 9.6% | ||
| Q3 24 | 2.1% | 4.6% | ||
| Q2 24 | 2.0% | 1.9% | ||
| Q1 24 | -0.3% | 1.2% |
每股收益（稀释后）GLPNWSA
| Q4 25 | — | $0.34 | ||
| Q3 25 | — | $0.20 | ||
| Q2 25 | — | $1.30 | ||
| Q1 25 | — | $0.18 | ||
| Q4 24 | — | $0.38 | ||
| Q3 24 | — | $0.21 | ||
| Q2 24 | — | $0.09 | ||
| Q1 24 | — | $0.05 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $2.1B |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | — | $8.8B |
| 总资产 | $3.9B | $15.5B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资GLPNWSA
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $1.9B |
总债务GLPNWSA
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $2.9B |
股东权益GLPNWSA
| Q4 25 | — | $8.8B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | — | $8.8B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $8.1B | ||
| Q3 24 | — | $8.3B | ||
| Q2 24 | — | $8.1B | ||
| Q1 24 | — | $8.1B |
总资产GLPNWSA
| Q4 25 | $3.9B | $15.5B | ||
| Q3 25 | $3.7B | $15.3B | ||
| Q2 25 | $3.8B | $15.5B | ||
| Q1 25 | $3.8B | $16.6B | ||
| Q4 24 | $3.8B | $16.2B | ||
| Q3 24 | $3.7B | $16.9B | ||
| Q2 24 | $3.8B | $16.7B | ||
| Q1 24 | $3.5B | $16.5B |
负债/权益比GLPNWSA
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.36× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $101.0M | $231.0M |
| 自由现金流经营现金流 - 资本支出 | $62.2M | $132.0M |
| 自由现金流率自由现金流/营收 | 2.8% | 5.6% |
| 资本支出强度资本支出/营收 | 1.8% | 4.2% |
| 现金转化率经营现金流/净利润 | 4.03× | 1.20× |
| 过去12个月自由现金流最近4个季度 | $193.3M | $586.0M |
8季度趋势，按日历期对齐
经营现金流GLPNWSA
| Q4 25 | $101.0M | $231.0M | ||
| Q3 25 | $19.0M | $85.0M | ||
| Q2 25 | $216.3M | $189.0M | ||
| Q1 25 | $-51.6M | $511.0M | ||
| Q4 24 | $67.2M | $252.0M | ||
| Q3 24 | $122.7M | $64.0M | ||
| Q2 24 | $24.3M | $254.0M | ||
| Q1 24 | $-182.7M | $539.0M |
自由现金流GLPNWSA
| Q4 25 | $62.2M | $132.0M | ||
| Q3 25 | $-678.0K | $4.0M | ||
| Q2 25 | $201.3M | $32.0M | ||
| Q1 25 | $-69.5M | $418.0M | ||
| Q4 24 | $20.4M | $190.0M | ||
| Q3 24 | $98.4M | $-31.0M | ||
| Q2 24 | $8.7M | $111.0M | ||
| Q1 24 | $-199.3M | $422.0M |
自由现金流率GLPNWSA
| Q4 25 | 2.8% | 5.6% | ||
| Q3 25 | -0.0% | 0.2% | ||
| Q2 25 | 9.7% | 2.0% | ||
| Q1 25 | -3.2% | 20.8% | ||
| Q4 24 | 1.0% | 8.5% | ||
| Q3 24 | 4.6% | -1.2% | ||
| Q2 24 | 0.4% | 4.3% | ||
| Q1 24 | -9.0% | 17.4% |
资本支出强度GLPNWSA
| Q4 25 | 1.8% | 4.2% | ||
| Q3 25 | 0.9% | 3.8% | ||
| Q2 25 | 0.7% | 9.6% | ||
| Q1 25 | 0.8% | 4.6% | ||
| Q4 24 | 2.3% | 2.8% | ||
| Q3 24 | 1.1% | 3.7% | ||
| Q2 24 | 0.7% | 5.5% | ||
| Q1 24 | 0.8% | 4.8% |
现金转化率GLPNWSA
| Q4 25 | 4.03× | 1.20× | ||
| Q3 25 | 0.66× | 0.76× | ||
| Q2 25 | 8.58× | 0.25× | ||
| Q1 25 | -2.76× | 4.96× | ||
| Q4 24 | 2.82× | 1.17× | ||
| Q3 24 | 2.67× | 0.54× | ||
| Q2 24 | 0.53× | 5.08× | ||
| Q1 24 | — | 17.97× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
GLP
| Gasoline | $1.0B | 46% |
| Refined Petroleum Products Renewable Fuels Crude Oil And Propane | $884.7M | 40% |
| Commercial Segment | $187.6M | 8% |
| Station Operations | $110.5M | 5% |
NWSA
| Book Publishing Segment | $633.0M | 27% |
| Consumer | $607.0M | 26% |
| News And Information Services Segment | $570.0M | 24% |
| Real Estate | $401.0M | 17% |
| Other Product Or Service | $173.0M | 7% |
